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What is Tether (USDT)?
Tether, the digital currency version of the US dollar USD, was launched by Tether Ltd in 2015. Developers claim that the value of the token is secured by the US dollar. The main idea of this project was to provide participants of cryptocurrency exchanges the opportunity to use a stable digital asset (stablecoin). Tether USDT is tied to the actual price of the US dollar USD.
Tether was released on the Omni Layer Protocol (platform), an add-on to the Bitcoin blockchain, and works on both the Omni Layer and on the Ethereum protocol (ERC-20 tokens).Visit Tether Website
How does Tether stay on $1?
Tether is secured by actual currency assets in the reserve account of the Tether platform - Each Tether is 100% backed in a one-to-one ratio by the fiat currency unit held in deposit by Hong Kong based Tether Limited (i.e. one Tether USDT equals one US dollar). However, on April 30 2019, Tether Limited announced that only 74% of the tokens are secured by US dollars, as opposed to 100%, a belief held by most of the cryptocurrency community. The price for 1 USDT in the market very rarely deviates from 1 US dollar.
How does USDT Tether work?
The principle of Tether USDT is simple. The Omni Layer Protocol (Mastercoin) is open-source software that interacts with the Bitcoin blockchain. The protocol provides the issuance and redemption of cryptocurrency tokens based on the Bitcoins used to create digital tokens. Tether transactions are hashed and conducted through the Bitcoin blockchain, where they are verified by miners as well as other Bitcoin transactions. Each Tether transaction in Omni is recorded in a BTC transaction, shares the same transaction hash, and is confirmed on the Bitcoin network. The average transaction confirmation time is 10 blocks.The Omni Layer Protocol uses the Bitcoin blockchain to add additional features: Smart Contracts, Custom Currencies, Decentralized Peer-to-Peer Exchanges
How to use Tether (USDT)
A long-term investment in USDT with the expectation of it increasing in value. You can safely store your USDT in Guarda Wallet.
Instantly exchange Tether with the best USDT exchange rates. We offer many trading pairs for Tether trading through our exchange partners.
Guarda allows you to easily buy Tether online and send it to anyone and anywhere with their Tether address.
Buy with USDT
You could buy goods and services with USDT. It is becoming more and more widespread and a lot of retailers accept USDT every day.
Receive Tether from anyone instanteniously through your web browser, mobile phone or desktop app.
Learn more about Tether
You can read more detailed articles about Tether and blockchain as a whole in our Academy.
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